Correlation
The correlation between AIVSX and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AIVSX vs. SPY
Compare and contrast key facts about American Funds Investment Company of America Class A (AIVSX) and SPDR S&P 500 ETF (SPY).
AIVSX is managed by American Funds. It was launched on Jan 1, 1934. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIVSX or SPY.
Performance
AIVSX vs. SPY - Performance Comparison
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Key characteristics
AIVSX:
0.85
SPY:
0.49
AIVSX:
1.35
SPY:
0.84
AIVSX:
1.20
SPY:
1.12
AIVSX:
0.97
SPY:
0.53
AIVSX:
3.77
SPY:
2.02
AIVSX:
4.47%
SPY:
4.95%
AIVSX:
18.66%
SPY:
20.47%
AIVSX:
-50.67%
SPY:
-55.19%
AIVSX:
-1.14%
SPY:
-2.75%
Returns By Period
In the year-to-date period, AIVSX achieves a 6.37% return, which is significantly higher than SPY's 1.70% return. Both investments have delivered pretty close results over the past 10 years, with AIVSX having a 12.16% annualized return and SPY not far ahead at 12.73%.
AIVSX
6.37%
3.71%
5.82%
15.73%
22.41%
16.46%
12.16%
SPY
1.70%
1.96%
0.83%
10.03%
18.13%
15.57%
12.73%
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AIVSX vs. SPY - Expense Ratio Comparison
AIVSX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AIVSX vs. SPY — Risk-Adjusted Performance Rank
AIVSX
SPY
AIVSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Investment Company of America Class A (AIVSX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AIVSX vs. SPY - Dividend Comparison
AIVSX's dividend yield for the trailing twelve months is around 9.43%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIVSX American Funds Investment Company of America Class A | 9.43% | 9.29% | 4.96% | 6.12% | 6.94% | 1.65% | 6.51% | 11.62% | 7.28% | 5.48% | 9.39% | 10.96% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AIVSX vs. SPY - Drawdown Comparison
The maximum AIVSX drawdown since its inception was -50.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIVSX and SPY.
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Volatility
AIVSX vs. SPY - Volatility Comparison
The current volatility for American Funds Investment Company of America Class A (AIVSX) is 3.31%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.80%. This indicates that AIVSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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